Montrose Environmental(US:MEG)2025-02-28 09:16Financial Performance - Revenue increased by 11.6% to a record of $696.4 million in 2024[8] - Organic revenue growth was 8.3%[10] - Consolidated Adjusted EBITDA grew by 21.9% to a record of $95.8 million, representing 13.8% of revenue, a 120 basis points increase[8, 10] - Diluted Adjusted EPS was $1.08[8] - Q4 2024 revenue reached a quarterly record of $189.1 million, a 14.1% increase[40] - Q4 2024 Adjusted EBITDA was $27.2 million, representing 14.4% of revenue[40] Operational Highlights - Customer revenue retention remained high at 96% for the third consecutive year[10] - Cross-selling increased to 53% of total revenues[10] - International revenue grew approximately 7x since 2021, reaching $146.1 million in 2024, accounting for 21% of total revenue[16] Outlook and Strategy - The company anticipates revenue between $735 million and $785 million and Consolidated Adjusted EBITDA between $101 million and $108 million for full-year 2025[22] - The company reiterates organic growth expectations of 7% to 9% per year[25] - The company is focused on redeeming Series A-2 preferred equity and subsequent deleveraging[26, 32]